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41 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON R-688 ADDRESS OF"F"ICIAL CORRESPONDENCE TO THE BOARD August 9, 19.40 Dear Sir: The Presidents' Conference Committee on Member Bank Operating Ratios has recommended that ratio analyses covering the year 1940 be made along substantially the same lines as for 1939. Accordingly a revision of form F.R. 456, used at most Federal Reserve banks last year as a co~bination work sheet and reporting form, is being prepared and a supply will be sent you under separate cover. A speci:nen copy is enclosed. It will be appreciated if, as soon as the tabulations usually made from the work sheets l:1ave been completed, you will return the forms to the Board for its temporary use. Several Federal Reserve banks, to avoid the inconvenience of lending the completed 1939 forms to the Board, prepared duplicate copies of the desired figures on additional forms provided for that purpose. If it appears desirable at your bank to use duplicate copies of the form in supplying the requested data, please let us know in the nee.r future approximately how many additional forms will be needed. It is anticipated that th-2. Board will again be in a position to supply aggregates of tl1o operating ratios, by size groups and States or part-States within districts, to any Reserve bank which requests them. The data c&."l c.lso be furnished by various other groupings if desired. As nearly as can be foreseen now, it will take from four to six v;eeks from tlle time the work sheets are received to supply such aggregates. Enclosure. http://fraser.stlouisfed.org/ TO THE PRESIDENTS Federal Reserve Bank of St. Louis OF ALL FEDERAL RESERVE BANKS.
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